Elon Musk's defamation trial could be in the hands of jury by the end of Thursday after the billionaire and the diver who is suing him sparred over the meaning and impact of a "pedo guy" tweet at the heart of the case. British cave explorer Vernon Unsworth testified on Wednesday he felt "branded a pedophile" despite Musk's assertion that his "pedo guy" tweet was not meant to be taken literally. Unsworth's appearance in a packed federal courtroom in Los Angeles came hours after Musk, the chief

SEOUL/WASHINGTON (Reuters) - South Korea's LG Chem said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors . An LG Chem spokesman confirmed an earlier Reuters report on the joint venture, but declined to give details. One source familiar with the matter told Reuters earlier that the facility, expected to be located in the Lordstown area of Ohio, would see investment of more than $2 bi

Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday. The British sports car maker's share price has slumped since its flotation in October last year. Stroll, who is the father of Formula One driver Lance Stroll, is heading up a consortium looking to take a "major shareholding" in Aston Martin, Autocar said on Thursday.

In these uneasy times, as we move along to a new decade, the Pantone Color Institute has reached back in time to calming, confident Classic Blue as its color of the year for 2020. The color is an anchor offering stability, constancy and connection, said Laurie Pressman, vice president of the global purveyors of color consulting, trendspotting and analysis. Akin to maritime blue — not indigo and brighter than navy — Classic Blue evokes a feeling of vast expanse, Pressman said of the shade also

Former United Auto Workers vice president Joseph Ashton pleaded guilty on Wednesday to conspiracy to commit money laundering and wire fraud as part of a wide-ranging federal corruption probe into the union. Ashton, a former General Motors Co board member, was charged last month with conspiring with other union officials to receive "hundreds of thousands of dollars in bribes and kickbacks" according to documents filed in U.S. District Court in Detroit. Ashton, when asked by the judge whether he

Union leaders from Fiat Chrysler factories are sending a new four-year contract to a membership vote. The 47,000 members of the United Auto Workers union at the company will vote on the deal starting Friday. Local leaders assembled on Wednesday in Detroit to go over the pact, which includes a $9,000 bonus per worker upon ratification.

Elon Musk, wrapping up two days of testimony at his defamation trial on Wednesday, insisted his "pedo guy" Twitter message at the heart of the case was an "off-the-cuff" insult hurriedly written in anger and not meant to be taken literally. The chief executive of electric carmaker Tesla Inc and founder of rocket company SpaceX also acknowledged in a packed Los Angeles federal courtroom his net worth, mostly from stock holdings in those two companies, was about $20 billion (£15.59 billion). Mus

U.S. Commerce Secretary Wilbur Ross said on Tuesday the Trump administration has not ruled out imposing tariffs on imported autos, after letting a review period end in November with no action. U.S. President Donald Trump did not announce any new tariffs after a six-month, self-imposed review period expired in mid-November following a Commerce Department "Section 232" investigation into whether imported autos pose a national security threat.

British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company's chief executive said on Tuesday. "We need to put more cars into Asia," McLaren CEO Mike Flewitt said in a meeting with reporters in Detroit. Sales of McLaren's carbon fibre and aluminium sports cars, which start at about $200,000 in the United States, have fallen in the United Kingdom, its largest market.

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver. Shares in Hyundai rose as much as 2% on the news, only to give up most of their gains by the close of trade, with analysts waiting to see how its intentions translate into action. "Its announcement of investment plan and goals is full of good words, but not r

A foldable forklift. BM 214 by Palfinger is a collapsible forklift that fits neatly in a box. The remote-controlled forklift has a lifting capacity of 4,630 lbs. It’s powered by a diesel engine. BM 214 can extend to reach over 9 feet. When collapsed the compact forklift can be stored under the truck. This helps create a good center of gravity for the carrier vehicle. The BM 214 can be ready to operate in just 30 seconds. BM 214 by Palfinger is a compact and foldable remote-control forklift. I

High-tech entrepreneur Elon Musk took the witness stand at his defamation trial on Tuesday, testifying that his inflammatory Twitter message at the center of the case was sent in response to an "unprovoked" insult he received from the man now suing him. Musk, the billionaire chief executive of electric carmaker Tesla Inc , was the first witness to testify in the lawsuit brought by a British cave diver who gained fame for his leading role in the rescue of 12 boys and their soccer coach f